Loan Origination, Preemption, and Litigation

Keep Current on Dramatic Changes Concerning Mortgage Lending and Federal Preemption.

Many New Requirements effective January, 2014.

• New underwriting standards and the ability-to-repay requirement
• New restrictions on loan steering
• Limits on flipping and new requirements on appraisers
• Restrictions on mortgage broker practices and compensation
• Third party charges, including title insurance, private mortgage insurance, and attorney fees
• Application of federal and state laws to interest rates, balloon payments, prepayment penalties, negative amortization, and other loan terms
• Extent of federal preemption of state laws and new standards for National Bank Act preemption

Highly Practical; Invaluable Litigation Tips

• Gathering the key documents and how to analyze them
• Survey of all applicable federal and state laws
• Third party liability and ten limits on the holder-in-due-course defense
• Restrictions on arbitration in mortgage litigation
• Special litigation requirements where suing failed banks

Download the Print Edition’s TOC